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Enzymes Market by Product (Carbohydrase, Proteases, Lipases, Polymerases & Nucleases) Expected to Reach USD 7,652.0 Million by 2020 - Grand View Research, Inc
  • USA - English


News provided by

Grand View Research, Inc.

Apr 30, 2014, 06:30 ET

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Grand View Research
Grand View Research

San Francisco, California (PRWEB) April 30, 2014 -- The global market for enzymes is expected to reach USD 7,652.0 million by 2020, according to a new study by Grand View Research, Inc. Increased demand for applications such as food and beverage and detergents are expected to drive the market over the forecast period. In addition, increasing application scope in animal feed industry is further expected to augment the demand for enzymes over the next six years.

Growth in food and beverage applications expected to drive enzyme demand

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Food and beverage was the largest application segment for the market, accounting for 37.5% of global revenue in 2013. Increasing demand for processed food coupled with improving food quality is expected to play a major role in the development of the application. Detergents were the second largest application segment, with market revenue exceeding USD 900 million in 2013.

The report “Enzymes Market Analysis By Product (Carbohydrase, Proteases, Lipases, Polymerases & Nucleases) And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/Enzymes-Industry.

Inquire Before Buying @ http://www.grandviewresearch.com/inquiry/40.

Further Key findings from the study suggest:

• North America was the largest regional market for enzymes with market revenue of USD 1,648.6 million in 2013. The growing demand in food and beverage application is expected to be a key factor contributing to the high demand. Asia Pacific is expected to be the fastest growing market at an estimated CAGR of 9.4% from 2014 to 2020.
• Carbohydrase was the most dominant enzyme, accounting for 45% of global market revenue in 2013. Proteases followed carbohydrase in terms of revenue with a market worth USD 1,211.8 million in 2013.
• The global enzyme market is consolidated with the top three companies accounting for 75% of global revenue in 2013. The key participants in the market include DSM, Danisco, BASF and ADM among others.

Request Free Sample of This Report @ http://www.grandviewresearch.com/industry-analysis/Enzymes-Industry/request.

For the purpose of this study, Grand View Research has segmented the global Enzymes market on the basis of application, product and region:

    • Enzymes Product Outlook (Revenue, USD Million, 2012 - 2020)
            • Carbohydrase
            • Proteases
            • Lipases
            • Polymerases & nucleases
            • Other
    • Enzymes Application Outlook (Revenue, USD Million, 2012 - 2020)
            • Food & beverages
            • Detergents
            • Animal feed
            • Biofuels
            • Other
    • Enzyme Regional Outlook (Revenue, USD Million, 2012 - 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW

Browse All Catalysts & Enzymes Market Report @ http://www.grandviewresearch.com/industry/catalysts-and-enzymes.

Latest Reports Published By Grand View Research:

Drilling Fluids Market Analysis By Product (OBF, SBF, WBF) By Application (Offshore, Onshore) And Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/drilling-fluids-market-analysis) Increasing drilling activities mainly in South America and Asia Pacific is expected to drive the market for drilling fluids. Grand View Research also observes that depleting natural has been prompting industry players to shift their focus towards exploring and developing unconventional gas reserves which promotes the use of horizontal drilling and is expected to translate into enhanced fluid demand.

Excipients Market Analysis By Polymers (MCC, HPMC, CMC, Ethyl Cellulose, Povidone), Alcohols (Glycerin, Sorbitol, Mannitol, Propylene Glycol), Minerals (Clay, Silicon Dioxide, Titanium Dioxide), Sugars And Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/excipients-market-analysis) Increasing demand for pharmaceuticals as a consequence of growing global geriatric population base and the introduction of innovative products such as Mallinckrodt Baker’s PanExcea MHC300G are expected to drive excipient demand over the next six years. Moreover, the presence of a large amount of untapped opportunities in emerging markets such as India, China and Brazil, in terms of unmet medical needs and low cost manufacturing options is also expected to fuel market demand.

About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058

Sherry James, Grand View Research, Inc., http://www.grandviewresearch.com/, +1 4153490058, [email protected]

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